A Profit? At Taste?
- This year's Taste of Chicago turned a profit for the city for the first time since 2007, officials said.
The festival earned $272,000 in profit, one year after losing $1.3 million, according to the city.
Officials estimated that the festival brought $106 million in total business activity to the Chicago economy, according to a release from the Mayor's Press Office. Estimates are that the festival also drew $2.35 million in tax receipts for the city, officials said.
Congratulations....we guess.
Labels: money questions
posted by SCC at 12:01 AM
22 Comments:
Okay, so it made a quarter of a million dollars.
I'm thinkin' it barely covered the bill for that company we paid to come up with the flashy new name "The 606" for the Bloomingdale Trail fiasco.
Yippee.
And they'll use it "for the children".
yeah, yeah sure. we know how the funny math works.
207,000 dollars profit enough for a down payment for a trip to the er for just one sanctuary city shooting victim, right.
and 100 mil. in business activity with 2.3 mil in tax receipts -- so a 2.3 tax rate -- does that math add up...
nevertheless, just think, 25 more years like this one and the city will have that 55 mil. dollars rahm blew for maggie daley park.
but of course we still have to pay the interest...so there's that.
I don't believe Rahm Emanuel. He's a liar and a thief. The city cooked the books on the taste !!
Has their been an external audit?
It's nice to hear news about a city on the economic rebound. Our Major's economic recovery plan is working. Happy days are on the horizon.
A profit for the City, supposedly, but what about the vendors?
First, I learned never to trust any numbers put out by the City. Same reason the FBI does not accept crime stats from the City. The books are cooked.
Even if the City made a little, vendors might have taken the pipe.
And who cares, anyhow? I haven't been there for many years. Not a chance I would go to a City event like that.
Rahm immediately gave $270,000.00 to ceasefire and $2,000.00 to midnight basketball.
Money well spent.
Forensic Audit the Taste before you start bragging about it. I was there and it was far less crowded than in the past.
Does this mean we get retro checks?
Its all in the numbers. You want to have a loss? Figure in more charges for use of property, cleanup, loss of other tax sources etc. You want a profit? Reduce the expenses to the lowest core costs. Cost shifting is an art. Government has the brushes, canvass and paint.
Wow! That's great! Our pension mess is solved!!!
If you believe this i have swap land in arizona.
OT:
Florida looks to ban red light cameras.
http://www.sun-sentinel.com/fl-red-light-cameras-revisited-20130929,0,3514911.story
I Call Bullshit
4 more years at 272,000 profit, and you can erase the 2012 deficit. So in 5 years it will have broken even
Big deal.
Chuckle.
And the screwed up thing about this...
If they'd been running the Taste this way the Last 6 years...each year would have seen a profit.
And in all likelyhood, there would have been more than 36 participating restaurants at it this past July...and the length wouldn't have been shortened.
I am curious about one thing though...
How did the Mayor have the legal right to move Control over the Taste from the Park District to Cultural Affairs and Special Events? I could have sworn that the Park District was separate wholly from the City
Sell stupid somewhere else I am all full up with these lies!!!!
Yeah and crime is down in the city. Bunch of lying jagoffs
Maybe they will bring back the 3rd of July fantastic fireworks!!!!
Bring back ChicagoFest,,hordes of suburban teenagers throwing up into the lake off Navy Pier while wearing Cheap Trick T-Shirts-----those were the days my friends!!
ChicagoFest made a shitload of money for the city also.....just saying
You heard it here first, folks (or people)
The Taste made a profit this year.
Crime is down.
Sergeants list due out this Friday.
The check is in the mail.
My word is my bond.
And,...well you get the gist of it.
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